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Nvidia: Plenty Of Upside Left

Jul. 13, 2017 1:21 PM ETNVIDIA Corporation (NVDA)31 Comments
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  • Despite the strong performance of NVIDIA's stock, I believe that it could go higher.
  • A recent investment in a startup in cyber security shows how much effort the company puts into making AI a success.
  • After keeping its rating at "hold", SunTrust recently upgraded their rating to "buy", which can cause the uptrend to resume.

NVIDIA: Investing in growth

NVIDIA (NASDAQ:NVDA) is a company that has a lot of hype behind it that has resulted in an extraordinary share price performance. Because of the extraordinary performance of the stock, a lot of investors disagree about whether NVIDIA has risen too far, too fast. I believe, however, that NVIDIA’s stock still has room to go up further. And now that the stock is beginning yet another upward move, I believe more investors will join the trend once again.

Artificial Intelligence presents great possibilities

NVIDIA has enjoyed tremendous growth of both its financial results and its stock price. This is partly because of the growing revenue it derives from the GPU’s used for gaming, but mostly because of the potential that artificial intelligence (AI) has for the company. The company is seeing revenue grow quickly in this area as I mentioned in my previous article:

“During the most recent quarter, the company saw its data center revenue almost triple, reflecting the huge increase in interest in AI. All major internet and cloud service providers throughout the world are now working with Nvidia Tesla-based GPU accelerators. Think of names like Facebook (NASDAQ: FB), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), IBM (NYSE: IBM), and Microsoft (NASDAQ: MSFT But again, although recent successes in the AI area are nice, the real thing to get excited about is what AI might bring in the future:

“The opportunities that AI offers companies seem to be endless. For example, the autonomous car industry is in its early days with manufacturers developing and testing their own versions. But autonomous cars need AI and therefore this new industry will become a source of growth for Nvidia as well. It is expected that autonomous cars will eventually completely take over regular cars, which indicates a tremendous increase in

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I am an investor with professional experience analyzing stocks. My portfolio often consists of a handful small, micro and nano caps. I will discuss most of the stocks that I hold in my portfolio on Seeking Alpha, while also writing about larger stocks that interest me.

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